Ciba Speciality Chemicals

Price on 20/2/97: Rs 68.25

Ciba Speciality Chemicals gained 13.48 per cent in the previous week. This was mainly on account of its recently declared half yearly results for September 1996. The company posted a net profit growth of 17 per cent to Rs 3.11 crore. Net sales jumped 28 per cent to Rs 152.45 crore.

Ciba Specialty was spun off last year from the former speciality chemicals business division of Hindustan Ciba-Geigy and was listed on the BSE on January 9 at Rs 125. The stock price has been sliding since then. The largest contributor to Ciba Specialitys turnover is its polymer division with its star product Araldite.